Guggenheim reissued their hold rating on shares of Autoliv (NYSE:ALV) in a report published on Wednesday, January 10th. They currently have a $135.00 price objective on the auto parts company’s stock.
Several other research analysts have also commented on ALV. Deutsche Bank reaffirmed a hold rating and issued a $120.00 price target (up from $101.00) on shares of Autoliv in a report on Thursday, September 14th. ValuEngine upgraded shares of Autoliv from a hold rating to a buy rating in a research report on Friday, September 15th. Citigroup lifted their price objective on shares of Autoliv from $105.00 to $129.00 and gave the company a neutral rating in a research report on Friday, September 15th. Mizuho lifted their price objective on shares of Autoliv from $130.00 to $140.00 and gave the company a buy rating in a research report on Friday, September 15th. Finally, Wells Fargo & Co lifted their price objective on shares of Autoliv to $140.00 and gave the company an outperform rating in a research report on Friday, September 15th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Autoliv has a consensus rating of Hold and a consensus price target of $116.07.
Autoliv (NYSE:ALV) opened at $136.44 on Wednesday. Autoliv has a fifty-two week low of $96.08 and a fifty-two week high of $137.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.23. The company has a market cap of $11,863.87, a PE ratio of 23.52, a PEG ratio of 2.35 and a beta of 1.11.
Autoliv (NYSE:ALV) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.14. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $1.63 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. analysts anticipate that Autoliv will post 6.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, February 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.76%. Autoliv’s dividend payout ratio (DPR) is 41.38%.
In other Autoliv news, insider Johan Lofvenholm sold 3,965 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $128.00, for a total transaction of $507,520.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in ALV. Pictet Asset Management Ltd. raised its position in shares of Autoliv by 542.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 234,400 shares of the auto parts company’s stock worth $28,972,000 after buying an additional 197,900 shares in the last quarter. FMR LLC grew its stake in shares of Autoliv by 7.3% in the 2nd quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after purchasing an additional 123,781 shares during the last quarter. National Pension Service acquired a new position in shares of Autoliv in the 4th quarter worth approximately $14,029,000. Dimensional Fund Advisors LP grew its stake in shares of Autoliv by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 813,363 shares of the auto parts company’s stock worth $89,305,000 after purchasing an additional 85,971 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Autoliv by 2,609.9% in the 2nd quarter. Nordea Investment Management AB now owns 66,501 shares of the auto parts company’s stock worth $7,302,000 after purchasing an additional 64,047 shares during the last quarter. Institutional investors own 33.43% of the company’s stock.
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Autoliv Company Profile
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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